Industries

Retail

Target Sales Jump as Pandemic Speeds E-Commerce Shift - WSJ

Target Sales Jump as Pandemic Speeds E-Commerce Shift

By: Sarah Nassauer and Suzanne Kapner
Source: The Wall Street Journal
Date of Publication: August 19th, 2020
Retailer says comparable sales rose 24% in the latest quarter, powered by a 195% surge in digital sales.
PVH Corp. Announces Phased Reopening of Global Stores

PVH Corp. Announces Phased Reopening of Global Stores

By: PVH Corp.
Source: BUSINESS WIRE
Date of Publication: May 19th, 2020
PVH Corp. begins to plan the reopening of some of its stores including Tommy Hilfiger and Calvin Klein.
How a Chicago restaurant’s mobile app doubles as contactless payment and delivery - NCR Corp.

Social Distancing & Face Coverings - Publix

By: Publix
Source: Publix
Publix wants to work together with it's customers to help limit the spread of COVID-19 by requiring face masks in their stores starting July 21.
Walmart results expected to show improved margins, online sales

Walmart results expected to show improved margins, online sales

By: Aishwarya Venugopal, Melissa Fares
Source: Reuters
Date of Publication: August 17th, 2020
Walmart Inc’s (WMT.N) margins and online sales are expected to benefit in the second quarter as the largest U.S. retailer cashed in on shoppers using government stimulus checks to buy higher-priced products like sneakers and toys along with daily essentials.
Amazon Bets on Office-Based Work With Expansion in Major Cities

Amazon Bets on Office-Based Work With Expansion in Major Cities

By: Sebastian Herrera
Source: The Wall Street Journal
Date of Publication: August 18th, 2020
The e-commerce giant says it is adding 3,500 employees in six major cities even as other companies embrace lasting remote employment.
Home Depot posts record sales as demand for DIY products surges

Home Depot posts record sales as demand for DIY products surges

Source: Reuters
Date of Publication: August 18th, 2020
Home Depot Inc (HD.N) reported its biggest rise in quarterly same-store sales in at least two decades on Tuesday as demand for paint, tools and other home improvement products surged from consumers stuck indoors due to the COVID-19 pandemic.
Home Depot Braced for Covid Pain—Then Americans Remodeled - WSJ

Home Depot Braced for Covid Pain—Then Americans Remodeled

By: Sarah Nassauer
Source: The Wall Street Journal
Date of Publication: August 16th, 2020
After lobbying to be open, the big box scrambled to meet demand. Old benchmarks don’t apply, says CEO Craig Menear: ‘None of that has a correlation anymore.’
REI to sell brand-new headquarters outside Seattle, embrace 'new normal' of remote work _ Fox Business

REI to sell brand-new headquarters outside Seattle, embrace 'new normal' of remote work

By: Travis Fedschun
Source: Fox Business
Date of Publication: August 13th, 2020
Company walking away from 380,000-square-foot building and 8-acre campus.
Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

Stein Mart files for bankruptcy and plans to close most, if not all, of its stores

By: Lauren Thomas
Source: CNBC
Date of Publication: August 12th, 2020
The off-price retailer Stein Mart has filed for Chapter 11 bankruptcy protection and plans to shutter most of its stores.
Stein Mart operates 281 stores across 30 states in the U.S., according to its website.
The biggest US mall owner Simon says still looking to salvage other distressed retailers

The biggest US mall owner Simon says still looking to salvage other distressed retailers

By: Lauren Thomas
Source: CNBC
Date of Publication: August 10th, 2020
Simon Property Group Chief Executive David Simon said Monday that the company is still looking to salvage additional distressed retailers, having already made bids for bankrupted Lucky Brand, Brooks Brothers and J.C. Penney.